U.S. oil and gas rigs see largest monthly drop since 2020
By Daily Report Staff
click here to read the original article at BusinessReport.com
*this article was not written by Roseland Oil & Gas
Energy services firm Baker Hughes Co. says that the U.S. oil and gas rig count fell by 44 this month, the biggest drop in three years, reports Reuters.
The count, an early indicator of future output, fell by nine to 711 in the week ending May 26, the lowest since May 2022.
That puts the total rig count down by 16, or 2%, from this time last year. Read more.
This story was included in 10/12 Industry Report’s free, weekly e-newsletter covering south Louisiana industry news.
By Daily Report Staff
click here to read the original article at BusinessReport.com
*this article was not written by Roseland Oil & Gas